Skip to main content

tv   Cavuto  FOX Business  November 17, 2012 3:00am-4:00am EST

3:00 am
we will see right back here monday. ♪ jeffrey gardere. have a great night. that is it for us. neil: i think this whole budget thing is looking weak. very, very weak. i am telling you that because of this. thedetails we are getting are not encouraging. welcome, everybody, i am neil cavuto. this is the scene today. they came out of the white house looking like progrs is being made. but what we are being told is not entirely encouraging. a lot of talk about tax hikes. in fact, doubling the total amount than what we were been told before the election. and also more spending. it's hard tobelieve, but chuck schumer and some others are saying a half trillion dlars for a jobs bill to stimulate the
3:01 am
economy. my only reason i'm mentioning this is the election had consequences. but it doesn't get its victors an opportunity to review the facts. they did not give a pas to recognizing the severity of the issue. we are spending and we are spent. now, we are seeing more spending. it is not good. the rebound from pete domenici and craig barrett. what do you say? encouraging or not encouraging? >> i'm on your side, neil. the other half loaded keep taxes flat, you have a 5050 standoff.
3:02 am
bring on the sequestration or simpson-bowles, let's get something done. neil: we stand out with a number of senators. they say don't touch tis or that. there is half the game right there. others are talking about adding to that by saying recognizing whatever chord you come to, that you count the cuts that we made la year to raise the debt ceiling. that is double booking, double accounting, double trouble, you name it. you know this process well. you know the sausage is made. tell us what wonderful things are really going on. >> well, i think there is a chance we could solve this problem. i'm going to put it this way. i spent two years talking to my party and encouraging them, telling them that we were going to have to have new revenues as part of this mix because
3:03 am
everything is going to be on the table. now, i have to tell my people that the president of the united states as a leader, has to stand up and tell his members that they have to stand for entitlement reform, just as those of us stood up for new revenues to balance this out. he has to become the leader, telling his people that we have to have entitlement reform. that is going to be earmarked as to whether or not he is the leader that he claims he wants to be in fixing this. neil: may be behind the scenes that's what's going on. but to migrator suspicions, maybe it is not. the fact that it is first the republicrepublic ans saying that we are open to revenues, but no quid pro qu, those wo say
3:04 am
leave entitlements out of it, go back, with numbers that we used a year ago, it's not very encouraging, at least to me. what a thing? >> welcome i think it's very discouraging. very discouraging from the standpoint that talking about raising taxes approach is less than 10% of the nation's problems. that is why i say, let's get on with the task. i don't think either party will give enough to reach a compromise. neil: lizzie leighobble together a deal it's not worth what it's written on paper. but in that cenario, i would imagine that no deal wuld be better than a cobble together
3:05 am
ppony one. some democrats, not all, patty murray bursaries is in washington. the republicans -- trying to piece together a deal more to their liking. in other words, if the scope clip could be done for them. >> isn't good for them.
3:06 am
he tells his people that tere's gog to have to be an insurance of entitlement reform to go along with revenue increases. now, you may not be seeing it, because it's very hard the way the president does this negotiation. for that to come out and for people to understand that. but it is going on. it is going on today. the speaker of the house revealed that there is a way to bridge the gap between phase one and phase two. phase one being a small package that gets rid of things and the big package, there is a way that we have iivented at the bipartisan policy center. we are very proud ofit. it is an accelerated regulatory process. it is a good and exciting thing that we think will work.
3:07 am
so i'm going to keep pushing. have done it for 2.5 years. everything is on the table, mr. president. neil: senator, it better be on the table. one of the things that could come up is this map that the democrats are favoring right now where they have a one to one revenue spending cut ratio. not a racial you would support and i wonder if, you know, the ratings agencies would support it. already threatening another downgrade if that were to pass. >> at a time to be pragmatic. you kn, the senators talking about a pragmatic approach. i'm just worried by the time the pragmatic approach it from new mexico to washington dc, it has lost all of its meaning. i just don't have much
3:08 am
confidence for the congress to do its right for the country. but you are the half-full glass guy. pulling something up that is believable, likable, supportable the framework is still in the making. there is no doubt about it. we know how to do it. the leading people, helping the president know how to do it. interestingly enough from the speaker of the houseentioned it in a public manner today. this new approach, this framework, we have provided that will work. the important thing is that just because we had an election, and just because republicans lost, it does not mean that we are all going to have a great economy and there's going to be jobs, we still have to do what we had to do bere the election. one of them is the president
3:09 am
must lead. without him leaving, we don't have a chance. if it fails, it's because he is not leading. he must lead democrats in the understanding that this is no free ride. just because they elected the president's be one of many an arrogant winner has regretted it two years later. craig, it's always good to see you. we will see how it works out. we have a lot more coming up. henry kissinger coming up only here. what does he make about the testimony behind closed doors today and how that could disrupt the economic talks. then, washington could grow the economy right off the fiscal cliff, just like priceline through really them shatner thou,
3:10 am
d i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd,
3:11 am
i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd read it over and over and over again. and then, five minutes later, i wouldn't know what i just read. it wasn't sticking with me. it wasn't sinking in. and that, to me, was really frustrating. as i got older, i was still having that issue. and that's when i knew i needed to talk to the doctor. announcer: if you were diagnosed with adhd as a kid, you might still have it. find out more. take a quiz at ownyouradhd.com to hp recognize the symptoms, like inattention, impulsivitit, hyperactivity, then talk with your doctor. i take responsibility for my adhd. it's your adhd. own it.
3:12 am
3:13 am
neil: we gave you two very different views about which direction we're headed in.3 a lot of amecans are getting cynical about the course of the ongoing budget cuts. and they do give you a reason to get a little antsy. priceline.com founder jay jaywalker says it would be a bad idea to think some good can come out of all this. but you said you're not focused on a minute by minute. >> i am not at all. i'm actually focused on the future of health and medicine. which is really the future of
3:14 am
innovation, job creation, and what makes america great, which is progress from unexpected direction. neil: we he no economic conditions they might as well stick a syringe everything else, right? >> there are more people working on the health of future and medicine than ever before. more people creating new devices and ideas and thinking of the future of health. >> i think nobody is looking at the health care overhaul ian answer to the fundamental question of cost control in america. we are looking at the private sector to think about those things and we are looking at operation between government and the private sector because we're going to have to deal with our health whether we do so in the doctors office doctor's office or home. we have to do it. neil: many don't seeethat cooperation.
3:15 am
many want to throw it against the wall. it's not a conducive environment >> the's a lot of reasons to be concerned. if if you want to fill in texas that community tactfully. you know what, health and innovation now, we are going to need immigration lawyers. america has not come to grips with the risk issue in hell. it's going to take risk, and right now, we live in a risk-averse environment and a government environment that can take risks. in many ways they arafraid they will get criticized in the press or media. neil: they said businesses to risks and we ended up bailing them out, so we are averse to risk and that the map because every time thedo this, we pay for it. >> and health and medicine, we're going to have to take risks and figure out how to create new drugs and create new
3:16 am
innovation. neil: synonymous with simona mr. conaway what you're talking about? >> there's there is a difference between the weather and climate. it's raining today, it's not raining tomorrow. the climate is the key. are there problems in health and medicine? you bet. we need to figure out how to do multidisciplinary research on -ow not to export testing in all kinds of thin abroad. but you know something, we have more young people, more scientists, more people that want to come to america to innovate and people that want to leave america. neil: we have fewer than ever going into a general practice nobody really wants to be governor. that makes me think, have we made it to these so these people don't want to be near that profession. >> it's not our problem. what we see is a generational change over.
3:17 am
it was a pretty easy job, it was pretty straightforward. now, medicine has changed. patients come i with an iphone, they come in with applications on a wire you are coordinating with all my other doctors, why are you paying attention to what everyone else is doing and why am i not part of a coordinated system. neil: by e way from come the health care laws was to address this with electronic records and all. >> the health care law says that the records are probably the answer, but it's up to the private sector to figure out how to work it. neil: jaywalker, thank you so much. all right, coming up, a lot of states refusing to set up these health care issues. why is that? what can it mean when we worry about the automatic mandate that everyone had to coverage to some of the points that they were
3:18 am
nothing to do with a mandate and everything to do with states? later, henry kissinger on all things david petraeus and all things foreign
3:19 am
3:20 am
3:21 am
neil: apparently the fiscal cliff has a lot of folks feeling bummed out. so much that they are retrenching on their holiday spending plans. in fact, retrenching altogether, saying that things could be going from bad to worse. a lot of you might be saying was apprentice, i mean, she seems like this charming little tv star. what would she know about dealing with difficulties?
3:22 am
well, she was in her story. it's a very gutwrenching story. i don't want to ve aot away in the book, but she has had a childhood was very interesting. >> yesterday made me cry. on the other network. >> i'm sorry. >> if you could put things into perspective about how you deal with that. because he dealt with it yourself. before we get into the particulars of your book, what advice to give in to the peop who feel over to . >> this is what i hope people take away at the end of the book. is that, you know, almost everybody haa story and has been for something almost impossible. you felt like they hit rock bottom or hit a hurdle that they
3:23 am
kick it over. it's what you do with that. you know, instead of being paralyzed by back pain or that, i mean, you feel bad for a wild. but instead of letting it deil you, it can be an experienced a drop on and go forward and to pick yourself up off from. to take a different path. later, when you look back on it, as i have in my life, you realize that once you get over that, you can get over everhing she people are just getting to know you in the sense of you being a little girl, the cute little girl on litte house on the prairie. you had a mommy dearest kind of situation. >> i was six years old and in my johnson and johnson baby shampoo commercial, and, you know, now
3:24 am
you know i'm not alone, so that's tough, i was a little house on it. it was a lot of fun. the one i thought that your mom helped make that possible? >> she was the hollywood mom come at a stage mom, whether it was school or ice skating show business. whatever it was, 24 hours driving us towards the achievement of every type. neil: there is a line between driving your kids and being a lunatic. >> you look at the impact on what it has on the kids. for me, drove me to achievement for my sister. she cldn't live up to the
3:25 am
pressure and couldn't perform and never felt worthy. she only felt like she wasn't good enough. she felt like she uldn't compare. my mother really reinforce that. neil: obviously moved across the country. figure it was a big decision. there was a moment where i woke up and something very dramatic had happened, which i don't want to ruin it in the book, but there is a huge crisis point and i had wanted to take and hold my own life. i have to say that this ends with me. this cycle and this madness from thisends with me, and you take a different path. i'm going to choose a different way. and when she's for a chance at a joyful life. the one you have two beautiful sons and a wonderful husband. this new light, does that mean to you will site??
3:26 am
>> it is with you forever, it's hard. my sister is no longer with us. how we get to that point is really worrying what happens from there. neil: a slow degradation and demise. do you think you are the stronger one? less horrible? >> may be the lucky on. i wouldn't attribute it to anything myself that. i think children are born differently. was born in a way that she couldn't stand up to the pressure and the abuse and cruelty and everyhing that came her way and she took a different path and i was lucky enough to be born differently and able to endure all that. and make it into something. that is what is so nuanced about all of these relationships in the book. there are good things that come from those relationships and experiences.
3:27 am
i cannot strong person. i have a tremendous work ethic and i believe in hard work and you can make yourself into whatever you want. you can take yourself out of the circumstance you came from. i had a lot of advantages despite everything in this book. i did well in school, i was able to go to harvard and do this myself from everything that had happened and make the decision, what do i want to address my life? neil: so you are saying th we don't have to be victims of our past? >> no, you don't. you can take control of your life. that's what you can take away from the book. neil: it's a really great book. i wasn't exaggerating when i said this. this one is a powerful book. and if you have a dry i a little and if you have a dry i a little way into it, then you're not
3:28 am
3:29 am
lead paint poisoning affects one million children today. if you're pregnant or have young children and your home was built before 1978, you could be at risk. learn how to protect your family. to find your home's danger zones, the health effects, or just to find help, log on to leadfreekids.org.
3:30 am
3:31 am
he won ohio and maine, the latest to announce these health care expansions reedit we don't want any part of a crucial component. so forget when everyone was raising a big stink about many people have health care coverage. one of this is the stuffthat individual state does that. ron illiamss joining us now. we make of this. >> first, let me say thank you. 's a pleasure to be here. i think there are states who are legitimately concerned about what does it mean to be in the exchange in tes of t obligations financially. at the other extreme, there are states who have been
3:32 am
enthusiastically embracing these exchanges, even though it's t clear what all the rules are going to be. there is a federal backup for the federal government will minister the exchange in that state's. neil neil: so in the end, it could be what some people are opposed to what this law, with a raise at the outset? remapped we could get to a single-payer system? >> i think that's a little further than what i would see at this point. the bigger question is exchanges in who they are being administered by. the question is the affordability of health care in the country. one of the changes that could be made if the financing of the entitlement program to deal with the deficit and the debt. neil: a lot of folks are lookin at what has been happening.
3:33 am
health care premiums rocketing before the law, since the law. they are shocked. a lot of people say they can't believe that there's a there's a lot of cpanies, wal-mart you restaurants, scaling back hours for their workers were their health care coverage because this is getting so big so fast. we make of that? >> well, i think it is fair to say that we also have to remember that the premiums are a reflection of underlying health care costs. we all want to health care services that we have. neil: if you obviously want to cover those pre-existing conditio, the kids on your policy being kept a little longer, i'm not the sharpest tool in the shed, but it would come to reason that this would go up a lot. >> i think it's fair to say that the benefits that are being offered are more comprehensive. when you get more coming to pay more forthat.
3:34 am
so i think we are going to see cost pressure in terms of the more comprehensive nature of the benefits. i think one of the things that we are seeing is employers increasing their participation in the consumer directed plans. where there is a higher deductible and the consumer has more game. neil: thank you very much for coming. weappreciate it. neil: in the meantime, you might have heard that david petraeus was speaking to a house committee about what he knew about benghazi and when knew it. indications are that early on he recognized it as a terror attack. the targeted because we weren't in there. henry kissinger on the implications of that testimony and this benghazi crisis.
3:35 am
3:36 am
3:37 am
3:38 am
neil: are right, it was behind closed doors. but we are learning that they've drifted to lawmakers that his deadly raid on benghazi was a terrorist attack. the administration withheld this suspected role of specific al qaeda affiliate in that attack. but that the general was adamant that there was no politicization of the process at the time and no interference or political agenda. we are told from democrats interpreting hughes remarked that they dunk bad idea. but this is now a growing scandal for the white house. it is hard to say this much. benghazi will remain in the news for some time to come. henry kissinger joins me right now, former secretary of state. we do know that it is calling
3:39 am
into question communication. communication in our inlligence system. are you worried about that? >> in my personal experience,it used to be fairly automatic that intelligence information to the white house and the security advisor could take the appropriate measures in place. , it is definitely difficult. neil: when you heard the first reports that the administration is sticking to a narrative this was all inspired by a video, and then we came to discover that no, almost immediately, they
3:40 am
might have known it was a terror attack. but they didn't say that. what you think of that? >> well, they might have formed some opinions before it had happened and put it into the framework of those opinions. i look at hat issue from a somewhat different perspective. because i have known that the largest single contingent of al qaeda came from [inaudible] so that the place where benghazi was located had been known as a hotbed. when i read about this without intelligence, particularly, i
3:41 am
thought that it was you know, one of the radical groups being involved.. they were communicating inside the government. neil: now you are worried about this general petraeus affair andal. i don't want to get into the details of that, but i did find it curious that it was the fbi that has been leading this investigation on him and what he knew. and it raises concerns that the cia and fbi are at it again or at war again. we think? >> well, i have observed the privilege of knowing general petraeus for nearly a decade.
3:42 am
i think he's a great man. so i have the feeling that he had done things for the country in iraq and afghanistan. neil: on all that, sir. the cia and the fbi -- [talking over each ther] >> [inaudible] it can be that the criteria of a particular investigation, i don't want to question the motives of the fbi. i am sure that they -- they have
3:43 am
gone by the instructions of which they operate. neil: when you are undder president nixon, even when the administrations were competing, they thought that was okay. they thought they were doing better for the country. >> the fbi did it to prove the job. they did the internal pursuit of espionage in this country. they operated abroad. sometimes these lines might cross.
3:44 am
i did not come across it during the watergate period. neil: we are not after that. this is a scandal that grows in your opinion? or not? >> you know, i endorsed governor romney. but i would like now to the new administration could start without avoidable controversy. but the information was known at a high-level, it is a matter
3:45 am
that the countries want to look into. on the whole, i would like to focus on the future. to not have beginning of administration. that would be my attitude. this evidence developed of the major capacity, there will be consequences. neil: we are going to take a quick break. the middleast and israel. you have hamas, you have a rom, you have hamas, you have a rom, here we go again.
3:46 am
pick your [bleep] up. you're not [bleep] sittin' here. yes, i am. [laughter] move. move. [laughter/indistinct chatter] bully: give it to him hard. no, no, no, oww. announcer: every day, kids witness bullying... boy: why are you stabbing me with it? no! announcer: they want to help, but don't know how. no! oww. ohh, you guys... announcer: teach your kids how to be more than a bystander. visit stopbullying.gov.
3:47 am
>> announcer: you never know when, but thieves can stea your identity and turn youlife upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accnts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't t anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat to your
3:48 am
identity, you'll get a proactive risk alert, protecting you before you become a victim. >> identity theft was a huge, huge problem for me and it's gone away because of lifelock. >> announcer: while no one can stop all identity theft, if criminals do steal your information, lifelock will help fix it, with our $1 million service guarantee. don't wait until you become the xt victim. you have so much to protect and nothing to lose when you call lifelock now to get two full months of identity theft protection risk free. that's right, 60 days risk-free. use promo code: gethelp. if you're not completely satisfied,otify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now.
3:49 am
call the nber on your screen now! neil: welcomback. i know we have our own fiscal cliff deal with and there is this petraeus crisis, but i hate to burst your bubble. there is a war starting in the middle east right now. israel, hamas, we have a ron and henry kissinger weighing in. how big is this getting? this whole israeli mass? >> it is the middle east, it is the direction of the arab spring has taken. the iranian nuclear program. sitting amidst all of this.
3:50 am
[inaudible] neil: how do the other arab nations feel about hamas i heard him saying them saying that they are not fans of hamas. but their public stance versus their private views, they're very different. >> hamas would say that they are a radical organization. they are not involved in the arab spring. even egypt, their population is
3:51 am
rapidly growing. so i don't know any with the exception of iran, that would encourage hamas to have the retaliation of you groups. they do have an interest. because it will demonstrate and they look at you in conflict, the shia radicalism. it makes it so complex.
3:52 am
even on the sunni side, many of the groups. neil: we stand by israel, what is our policy? >> both candidates have made very clear that they stand behind israel. neil: some feel that he has been divorcing himself from israel. >> we continue tobe.
3:53 am
>> they supply this during the war. i don't believe there would be a general middle eastwar with israel and its neighbors right now. iran has an interest in doing ttis because they know that the nuclear issue is moving towards a climax. and the are trying to figu out how to deal with a nuclear problem that could be elayed. so they make themselves the spokesman of the middle east. countries like egypt, those in the middle east, those at this
3:54 am
moment. neil: what they felt threatened enough d they knew where the subterfuges were, how likely do you think that it's? >> i used to think it was not very likely. at the beginning of the campaign i thought it was approaching 5050. but i think now it is a configuration of the israelis. because these enrichment plans are moving underground. and therefore they are within a measurable amount of time with theeisraelis. what they want is the negotiating process. they have been asked by the president to look at the
3:55 am
diplomatic process and let it work, and benjamin netanyahu has said that there s some limited time, there is no question that iran keeps building up its enrichment capabilities. at some point, in 2007, the cia made a report that by 2015, they could have up to0 nuclear weapons. that clock is running out. the united states -- both parties have said that this is
3:56 am
unacceptable. this is a choice before us in 2013. ne: secretary, it's a real pleasure. look great and sound great. very good having you. have a wonderful thanksgiving. henry kissinger, you have a great sense of humor, too. you know, more comedians in the 60s and 70s were doing impressions of henry kissinger and any other public speaker. henry kissinger, not too shabby. henry kissinger, not too shabby. we will keep an eye on it was the biggest race of the year, and no matteoqat, i was gonna win. someti[js...things happen you just canoi explain.
3:57 am
)a ♪ oh, i believe there e angels among us... ♪r> and some things ar more importanthan winning. #% ♪ sent iíwn to us #]from somewhere up(above ♪r2 #o♪hey come to you and me ♪ i don't remember who won the ra that day...r2 ♪ to show usfr how to live, ♪ ... bui'll(never forget how i felt. ♪ to teach us f:how to give ♪ to guide us with the light of love. ♪
3:58 am
3:59 am

79 Views

info Stream Only

Uploaded by TV Archive on